Power Players: Can the Paramount–Warner merger survive?

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This week, Will and Michelle speak to Reuters entertainment business correspondent Dawn Chmielewski about how the Paramount–Warner merger could reshape Hollywood. Paramount and Warner Bros. Discovery want to combine in a $110 billion deal that would create an entertainment giant. Executives say it's the only way to survive the streaming wars, but now twelve attorneys general, regulators and a host of creators are saying "no deal". So how do Paramount and CEO David Ellison make this deal a reality? And what could it mean for what's on our screens, big, small or handheld? Presenters: Will Bain and Michelle Fleury Producer: Rebecca Smyllie Editor: Stephen Ryan You can email the team: businessdaily@bbc.co.uk (Picture: California Attorney General Rob Bonta holds a press conference as he announces California will be suing to block Paramount's $110 billion acquisition of Warner Bros. Discovery in Los Angeles, California, U.S. July 13, 2026. Credit: REUTERS/Daniel Cole)